Daily News

US – ADP: US job growth ‘sturdy’

March 06 2013

The U.S. added 198,000 nonfarm, private-sector jobs in February, according to the national employment report released today by Automatic Data Processing Inc. (NASD: ADP). However, the seasonally adjusted gain in February is below the revised gain of 215,000 jobs in January.

“The job market remains sturdy in the face of significant fiscal headwinds,” said Mark Zandi, chief economist of Moody’s Analytics, which produces the report for ADP. “Businesses are adding to payrolls more strongly at the start of 2013 with gains across all industries and business sizes. Tax increases and government spending cuts don’t appear to be affecting the job market.”

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